Tag Archives: Bank Nifty Movement

Nifty Bank Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 20, 2017 – Nov 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.90%.

As we have mentioned, last week that minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying. During the week the index manages to hit a low of 25166 and close the week around the levels of 25728.

Minor support for the index lies in the zone of 25550 to 25600. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying.

Resistance for the index lies in the zone of 25900 to 26000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400.

Range for the week is seen from 25200 to 25300 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 13, 2017 – Nov 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 0.60%.

As we have mentioned, last week that minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying. During the week the index manages to hit a low of 25120 and close the week around the levels of 25500.

Minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying.

Resistance for the index lies in the zone of 25800 to 25900. If the index manages to close above these levels then the index can move to the levels of 26200 to 26300.

Range for the week is seen from 25000 to 25100 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 06, 2017 – Nov 10, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 3.30%.

As we have mentioned, last week that resistance for the index lies in the zone of 25000 to 25100 where the index has formed a triple top pattern. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600. During the week the index manages to hit a high of 25695 and close the week around the levels of 25650.

Minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying.

Resistance for the index lies in the zone of 25800 to 25900. If the index manages to close above these levels then the index can move to the levels of 26200 to 26300.

Range for the week is seen from 25100 to 25200 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 3.50%.

As we have mentioned, last week that resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern. During the week the index manages to hit a high of 25186 and close the week around the levels of 24839.

Minor support for the index lies in the zone of 24650 to 24700. Support for the index lies in the zone of 24400 to 24450 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 from where the index broke out of June-2017 highs.

Resistance for the index lies in the zone of 25000 to 25100 where the index has formed a triple top pattern. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600.

Range for the week is seen from 24200 to 24300 on downside & 25500 to 25600 on upside.

Nifty Bank Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 23, 2017 – Oct 27, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 2.70%.

As we have mentioned, last week that support for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. During the week the index manages to hit a low of 23924 and close the week around the levels of 24010.

Support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 23400 to 23500 where trend-line joining lows of August-2017 and September-2017 is lying.

Resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern.

Range for the week is seen from 23400 to 23500 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 16, 2017 – Oct 19, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.00%.

As we have mentioned, last week that support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23100 where the index has taken support in the month of June-2017. During the week the index manages to hit a low of 23978 and close the week around the levels of 24689.

Support for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying.

Resistance for the index lies in the zone of 25000 to 25100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 25450 to 25500.

Range for the week is seen from 24000 to 24100 on downside & 25100 to 25200 on upside.

Nifty Bank Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 09, 2017 – Oct 13, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.60%.

As we have mentioned, last week that minor resistance for the index lies in the zone of 24150 to 24250. Resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern. During the week the index manages to hit a high of 24242 and close the week around the levels of 24190.

Support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23100 where the index has taken support in the month of June-2017.

Minor resistance for the index lies in the zone of 24150 to 24250. Resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 1.30%.

As we have mentioned, last week that support for the index lies in the zone of 24150 to 24250 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs and medium term moving averages are lying. During the week the index manages to hit a low of 23611 and close the week around the levels of 24053.

Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23100 where the index has taken support in the month of June-2017.

Minor resistance for the index lies in the zone of 24150 to 24250. Resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern.

Range for the week is seen from 23200 to 23300 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 25, 2017 – Sep 29, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 1.90%.

As we have mentioned, last week that resistance for the index lies in the zone of 25100 to 25200 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500. During the week the index manages to hit a high of 25105 and close the week around the levels of 24369.

Support for the index lies in the zone of 24150 to 24250 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 24500 to 24600. Resistance for the index lies in the zone of 25100 to 25200 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500.

Range for the week is seen from 23800 to 23900 on downside & 25000 to 25100 on upside.

Nifty Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.90%.

As we have mentioned, last week that resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24994 and close the week around the levels of 24844.

Minor support for the index lies in the zone of 24600 to 24700. Support for the index lies in the zone of 24400 to 24500 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs.

Resistance for the index lies in the zone of 25100 to 25200 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 0.30%.

As we have mentioned, last week that resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24459 and close the week around the levels of 24354.

Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

Resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017.

Range for the week is seen from 23700 to 23800 on downside & 24800 to 25000 on upside.

Nifty Bank Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.70%.

As we have mentioned, last week that support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 24103 and close the week around the levels of 24434.

Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

Resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017.

Range for the week is seen from 24000 to 24100 on downside & 25000 to 25100 on upside.

Nifty Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.90%.

As we have mentioned, last week that support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 23882 and close the week around the levels of 24274.

Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

Resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.40%.

As we have mentioned, last week that resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation. During the week the index manages to hit a high of 24496 and close the week around the levels of 24074.

Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

Resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 3.40%.

As we have mentioned, last week that minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 23822 and close the week around the levels of 23986.

Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

Resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 07, 2017 – Aug 11, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on absolutely flat note.

As we have mentioned, last week that minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 24592 and close the week around the levels of 24827.

Minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 25000 to 25100. If the index manages to close above these levels then the index can move to the levels of 25300 to 25400 where channel resistance for the index is lying.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.30%.

As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24250 to 24300. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 25032 and close the week around the levels of 24811.

Minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 25000 to 25100. If the index manages to close above these levels then the index can move to the levels of 25300 to 25400 where channel resistance for the index is lying.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 24, 2017 – July 28, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.30%.

As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24150 to 24250. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 24299 and close the week around the levels of 24257.

Minor support for the index lies in the zone of 23900 to 24000. Support for the index lies in the zone of 23400 to 23500 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22800 to 22900 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24250 to 24300. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600.

Range for the week is seen from 23700 to 23800 on downside & 24600 to 24700 on upside.

Nifty Bank Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 17, 2017 – July 21, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.10%.

As we have mentioned, last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23964 and close the week around the levels of 23938.

Minor support for the index lies in the zone of 23700 to 23750. Support for the index lies in the zone of 23250 to 23350 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22800 to 22900 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24150 to 24250. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600.

Range for the week is seen from 23500 to 23600 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 10, 2017 – July 14, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.00%.

As we have mentioned, last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23540 and close the week around the levels of 23449.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where break out levels and Fibonacci levels for the index is lying.

Minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23000 to 23100 on downside & 24000 to 24100 on upside.

Nifty Bank Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 03, 2017 – July 07, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 1.40%.

As we have mentioned, last week that minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where break out levels for the index is lying. During the week the index manages to hit a low of 22996 and close the week around the levels of 23211.

Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where break out levels and Fibonacci levels for the index is lying.

Minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 22500 to 22600 on downside & 24600 to 24700 on upside.

Nifty Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 27, 2017 – June 30, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.20%.

As we have mentioned last week that resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23897 and close the week around the levels of 23543.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

Nifty Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 19, 2017 – June 23, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 0.80%.

As we have mentioned last week that minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where short term moving averages and break out levels for the index is lying. During the week the index manages to hit a low of 23312 and close the week around the levels of 23503.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

 

Nifty Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

 

EquityPandit’s Outlook for Nifty Bank for the week  (June 12, 2017 – June 16, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the index lies in the zone of 23450 to 23500. If the index manages to close above these levels then the index can move to the levels of around 23700 to 23800 where Fibonacci levels are lying. During the week the index manages to hit a high of 23709 and close the week around the levels of 23691.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23300 to 23400 on downside & 24100 to 24200 on upside.

Nifty Bank Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 05, 2017 – June 09, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages and break out levels for the index is lying. During the week the index manages to hit a low of 23092 and close the week around the levels of 23310.

Minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23450 to 23500. If the index manages to close above these levels then the index can move to the levels of around 23700 to 23800 where Fibonacci levels are lying.

Range for the week is seen from 22700 to 22800 on downside & 23800 to 23900 on upside.

Nifty Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 29, 2017 – June 02, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 23408 and close the week around the levels of 23362.

Minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23450 to 23500. If the index manages to close above these levels then the index can move to the levels of around 23700 to 23800 where Fibonacci levels are lying.

Range for the week is seen from 22700 to 22800 on downside & 23700 to 23800 on upside.

Nifty Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 22, 2017 – May 26, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22770.

Minor support for the index lies in the zone of 22500 to 22600. Support for the index lies in the zone of 22000 to 22200 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400.

Range for the week is seen from 22000 to 22100 on downside & 23100 to 23200 on upside.

Nifty Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 15, 2017 – May 19, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the index lies in the zone of 22800 to 22900. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22672.

Minor support for the index lies in the zone of 22450 to 22500. Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400.

Range for the week is seen from 22000 to 22100 on downside & 23000 to 23100 on upside.

Nifty Bank Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 08, 2017 – May 12, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 22450 to 22550. If the index manages to close above these levels then the index can move to the levels of around 22800 to 22900. During the week the index manages to hit a high of 22854 and close the week around the levels of 22605.

Minor support for the index lies in the zone of 22450 to 22500. Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22800 to 22900. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400.

Range for the week is seen from 22000 to 22100 on downside & 23000 to 23100 on upside.

Nifty Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 02, 2017 – May 05, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 22383 and close the week around the levels of 22358.

Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22450 to 22550. If the index manages to close above these levels then the index can move to the levels of around 22800 to 22900.

Range for the week is seen from 21800 to 21900 on downside & 22800 to 22900 on upside.

Nifty Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 24, 2017 – April 28, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 0.60%.

As we have mentioned last week that minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. During the week the index manages to hit a low of 21386 and close the week around the levels of 21551.

Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying.

Range for the week is seen from 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 17, 2017 – April 21, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 21787 and close the week around the levels of 21687.

Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying.

Range for the week is seen from 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Bank Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 10, 2017 – April 13, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 21699 and close the week around the levels of 21431.

Minor support for the index lies in the zone of 21275 to 21350. Support for the index lies in the zone of 20900 to 21000 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying.

Range for the week is seen from 21000 to 21100 on downside & 22000 to 22100 on upside.

Nifty Bank Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 03, 2017 – April 07, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 1.50%.

As we have mentioned last week that resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800. During the week the index manages to hit a high of 21696 and close the week around the levels of 21444.

Minor support for the index lies in the zone of 21275 to 21350. Support for the index lies in the zone of 20900 to 21000 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying.

Range for the week is seen from 21000 to 21100 on downside & 22000 to 22100 on upside.

Nifty Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 27, 2017 – March 31, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 0.25%.

As we have mentioned last week that support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. During the week the index manages to hit a low of 20754 and close the week around the levels of 21122.

Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 20, 2017 – March 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600. During the week the index manages to hit a high of 21336 and close the week around the levels of 21175.

Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2017 – March 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.10%.

As we have mentioned last week that support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support. During the week the index manages to hit a low of 20530 and close the week around the levels of 20728.

Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support.

Resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600.

Range for the week is seen from 20000 to 20100 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 06, 2017 – March 10, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 1.80%.

As we have mentioned last week that resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600. During the week the index manages to hit a high of 20905 and close the week around the levels of 20496.

Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 20650 to 20700. Resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600.

Range for the week is seen from 20000 to 20100 on downside and 21000 to 21100 on upside.

Nifty Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 27, 2017 – March 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21012 and close the week around the levels of 20877.

Minor support for the index lies in the zone of 20700 to 20750. Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support.

Resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600.

Range for the week is seen from 20200 to 20300 on downside and 21300 to 21400 on upside.

Nifty Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 20, 2017 – February 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21042 and close the week around the levels of 20551.

Minor support for the index lies in the zone of 20400 to 20500. Support for the index lies in the zone of 19950 to 20050 where the index has taken multiple support on daily basis. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs.

Range for the week is seen from 20000 to 20100 on downside to 21000 to 21100 on upside.

Nifty Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 13, 2017 – February 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 0.08%.

As we have mentioned last week that minor support for the index lies in the zone of 19800 to 19900. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying. During the week the index manages to hit a low of 20000 and close the week around the levels of 20214.

Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs.

Range for the week is seen from 19700 to 19800 on downside to 20600 to 20700 on upside.

Nifty Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 06, 2017 – February 10, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 2.50%.

As we have mentioned last week that resistance for the index lies in the zone of 19900 to 20000 where trend-line joining highs of September-2016 and November-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 20600 to 20700 where the index was top out in the month of September-2016. During the week the index manages to hit a high of 20230 and close the week around the levels of 20197.

Minor support for the index lies in the zone of 19800 to 19900. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs.

Range for the week is seen from 19500 to 19600 on downside to 20600 to 20700 on upside.

Nifty Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 30, 2017 – February 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19795 and close the week around the levels of 19708.

Support for the index lies in the zone of 19300 to 19400 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 19900 to 20000 where trend-line joining highs of September-2016 and November-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 20600 to 20700 where the index was top out in the month of September-2016.

Range for the week is seen from 18800 to 18900 on downside to 20600 to 20700 on upside.

Nifty Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 23, 2017 – January 27, 2017) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19276 and close the week around the levels of 18821.

Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where long term moving averages are lying.

Resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600.

Range for the week is seen from 18300 to 18400 on downside to 19200 to 19300 on upside.

Nifty Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 16, 2017 – January 20, 2017) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 3.50%.

As we have mentioned last week that resistance for the index lies in the zone of 18500 to 18600 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 18900 to 19000 from where the index was broken down after consolidation. During the week the index manages to hit a high of 18966 and close the week around the levels of 18912.

Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where long term moving averages are lying.

Resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600.

Range for the week is seen from 18500 to 18600 on downside to 19500 to 19600 on upside.

Nifty Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 09, 2017 – January 13, 2017) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 0.50%.

As we have mentioned last week that minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17830 and close the week around the levels of 18264.

Minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18500 to 18600 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 18900 to 19000 from where the index was broken down after consolidation.

Range for the week is seen from 17800 to 17900 on downside to 18600 to 18700 on upside.

Nifty Bank Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 02, 2017 – January 06, 2017) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17607 and close the week around the levels of 18177.

Minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18500 to 18600 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 18900 to 19000 from where the index was broken down after consolidation.

Range for the week is seen from 17600 to 17700 on downside to 18500 to 18600 on upside.

Nifty Bank Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 26, 2016 – December 30, 2016) :

NIFTY BANK:

 

bankni

 

Nifty Bank ended the week on negative note losing around 2.30%.

As we have mentioned last week that support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the wee the index manages to hit a low of 17820 and close the week around the levels of 17884.

Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18050 to 18150 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 18600 to 18700 where the index has made a top in the month of December-2016.

Range for the week is seen from 17400 to 17500 on downside to 18200 to 18300 on upside.

Nifty Bank Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 19, 2016 – December 23, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on negative note losing around 2.00%.

As we have mentioned last week that minor support for the index lies in the zone of 18400 to 18500 on intraday basis. Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 18122 and close the week around the levels of 18331.

Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Minor resistance for the index lies in the zone of 18400 to 18500 on intraday basis. Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Range for the week is seen from 17500 to 17600 on downside to 18800 to 18900 on upside.

Nifty Bank Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 12, 2016 – December 16, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 2.50%.

As we have mentioned last week that the index has closed around the support zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17953 and close the week around the levels of 18696.

Minor support for the index lies in the zone of 18400 to 18500 on intraday basis. Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Range for the week is seen from 17500 to 17600 on downside to 19400 to 19500 on upside.

Nifty Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 05, 2016 – December 09, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 1.40%.

As we have mentioned last week that the index has closed around the support zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016. If the index closes below these levels then the index can drift to the levels of 17600 to 17700 where long term moving averages are lying. During the week the index manages to hit a low of 18164 and close the week around the levels of 18248.

The index has closed around the support zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Next week there will be RBI policy so high level of volatility might be seen.

Range for the week is seen from 17500 to 17600 on downside to 19000 to 19100 on upside.

Nifty Bank Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 28, 2016 – December 02, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on negative note losing around 2.40%.

As we have mentioned last week that the index has closed just below the levels of 19000 to 19100 where medium term moving averages are lying. Support for the index lies in the zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016 and also long term moving averages are lying. During the week the index manages to hit a low of 18215 and close the week around the levels of 18507.

The index has closed around the support zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016. If the index closes below these levels then the index can drift to the levels of 17600 to 17700 where long term moving averages are lying.

Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Range for the week is seen from 17800 to 17900 on downside to 19200 to 19300 on upside.

Nifty Bank Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 21, 2016 – November 25, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 4.00%.

As we have mentioned last week that support for the index lies in the zone of 19400 to 19500 levels where the index has opened gap up on 10-11-2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where medium term moving averages are lying. During the week the index manages to hit a low of 18897 and close the week around the levels of 18959.

The index has closed just below the levels of 19000 to 19100 where medium term moving averages are lying. Support for the index lies in the zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016 and also long term moving averages are lying.

Resistance for the index lies in the zone of 19400 to 19500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18400 to 18500 on downside to 19400 to 19500 on upside.

Nifty Bank Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 15, 2016 – November 18, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 3.60%.

As we have mentioned last week that Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July – 2016 and August – 2016. If the index breaks below these levels then the index can drift to the levels of 18050 to 18200 where the index has formed a gap. During the week the index manages to hit a low of 18144 and close the week around the levels of 19739.

Support for the index lies in the zone of 19400 to 19500 levels where the index has opened gap up on 10-11-2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where medium term moving averages are lying.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Last week the index was highly volatile so during first half of the week we may see volatility which may subside during the later half of the week.

Range for the week is seen from 19000 to 19100 on downside to 20200 to 20300 on upside.

Nifty Bank Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 07, 2016 – November 11, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on negative note losing around 2.40%.

As we have mentioned last week that minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July – 2016 and August – 2016. During the week the index manages to hit a low of 18961 and close the week around the levels of 19058.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July – 2016 and August – 2016. If the index breaks below these levels then the index can drift to the levels of 18050 to 18200 where the index has formed a gap.

Minor resistance for the index lies in the zone of 19400 to 19500 where the index has formed a gap on 02/11/2016. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18200 to 18300 on downside to 19400 to 19500 on upside.

Nifty Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 01, 2016 – November 04, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 0.80%.

As we have mentioned last week that resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 19923 and close the week around the levels of 19556.

Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July – 2016 and August – 2016.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 19000 to 19100 on downside to 20200 to 20300 on upside.

Nifty Bank Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 24, 2016 – October 28, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 3.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 19300 to 19400. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 19744 and close the week around the levels of 19711.

Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. Minor support for the index lies in the zone of 18700 to 18800 where medium term moving averages are lying. If the index closes below these levels for couple of days then the index can drift to the levels of 17300 to 17500 where long term moving averages are lying.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 19200 to 19300 on downside to 20200 to 20300 on upside.

Nifty Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 17, 2016 – October 21, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on negative note losing around 2.00%.

As we have mentioned last week that Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. During the week the index manages to hit a low of 18824 and close the week around the levels of 19020.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000 to 19100. Minor support for the index lies in the zone of 18700 to 18800 where medium term moving averages are lying. If the index closes below these levels for couple of days then the index can drift to the levels of 17300 to 17500 where long term moving averages are lying.

Minor resistance for the index lies in the zone of 19300 to 19400. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18500 to 18600 on downside to 19200 to 19300 on upside.

Nifty Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 10, 2016 – October 14, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 19500 to 19700 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400. During the week the index manages to hit a high of 19816 and close the week around the levels of 19400.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. If the index closes below these levels for couple of days then the index can drift to the levels of 17800 to 18000 where long term moving averages are lying.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18800 to 18900 on downside to 19800 to 19900 on upside.

 

 

Nifty Bank Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 03, 2016 – October 07, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on negative note losing around 3.10%.

As we have mentioned last week that minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. During the week the index manages to hit a low of 19059 and close the week around the levels of 19286.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. If the index closes below these levels for couple of days then the index can drift to the levels of 17800 to 18000 where long term moving averages are lying.

Resistance for the index lies in the zone of 19500 to 19700 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400.

Range for the week is seen from 18400 to 18500 on downside to 19600 to 19700 on upside.

Nifty Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 26, 2016 – September 30, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying. During the week the index manages to hit a high of 20265 and close the week around the levels of 19902.

Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 19, 2016 – September 23, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 1.90%.

As we have mentioned last week that minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. During the week the index manages to hit a low of 19730 and close the week around the levels of 19855.

Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 12, 2016 – September 16, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on positive note gaining around 1.80%.

As we have mentioned last week that Resistance for the index lies in the zone of 19900 to 20000. If the index manages to close above these levels then the index can move to the levels of 20350 to 20450. During the week the index manages to hit a high of 20576 and close the week around the levels of 20245.

Minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20500 to 20600 on upside.

Nifty Bank Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 06, 2016 – September 09, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 3.60%.

As we have mentioned last week that resistance for the index lies in the zone of 19450 to 19500 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000. During the week the index manages to hit a high of 19928 and close the week around the levels of 19883.

Minor support for the index lies in the zone of 19500 to 19580. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600.

Resistance for the index lies in the zone of 19900 to 20000. If the index manages to close above these levels then the index can move to the levels of 20350 to 20450.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 29, 2016 – September 02, 2016) :

NIFTY BANK:

 

BANKN

 

Nifty Bank ended the week on negative note losing around 1.10%.

As we have mentioned last week that support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying. During the week the index manages to hit a low of 19134 and close the week around the levels of 19196.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying.

Resistance for the index lies in the zone of 19450 to 19500 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000.

Range for the week is seen from 18500 to 18600 on downside to 19400 to 19500 on upside.

Nifty Bank Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 22, 2016 – August 26, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19457 and close the week around the levels of 19415.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying.

Resistance for the index lies in the zone of 19550 to 19650. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000.

Range for the week is seen from 19000 to 19100 on downside to 19800 to 19900 on upside.

Nifty Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 16, 2016 – August 19, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where short term moving averages are lying. During the week the index manages to hit a low of 18537 and close the week around the levels of 18963.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has broken out.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19300 to 19400 on upside.

Nifty Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 08, 2016 – August 12, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19078 and close the week around the levels of 18926.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where short term moving averages are lying.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19300 to 19400 on upside.

Nifty Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 01, 2016 – August 05, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 1.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 18850. Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19127 and close the week around the levels of 18953.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19300 to 19400 on upside.

Nifty Bank Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (July 25, 2016 – July 29, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 1.40%.

As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19158 and close the week around the levels of 18690.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 18850. Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18300 to 18400 on downside to 19000 to 19100 on upside.

Nifty Bank Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (July 18, 2016 – July 22, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 5.20%.

As we have mentioned last week that resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 19016 and close the week around the levels of 18954.

Minor support for the index lies in the zone of 18600 to 18700. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19400 to 19500 on upside.

Nifty Bank Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (July 11, 2016 – July 15, 2016):

NIFTY BANK:

 

banknifty

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18146 and close the week around the levels of 18016.

Minor support for the index lies in the zone of 17800 to 17900. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 17500 to 17600 on downside to 18300 to 18400 on upside.

Nifty Bank Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (July 04, 2016 – July 08, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 3.20%.

As we have mentioned last week that minor resistance for the index lies around the levels of 17600. Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18075 and close the week around the levels of 17985.

Minor support for the index lies in the zone of 17500 to 17600. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 17300 to 17400 on downside to 18300 to 18400 on upside.

Nifty Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 27, 2016 – July 01, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying. During the week the index manages to hit a low of 16946 and close the week around the levels of 17426.

Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Minor resistance for the index lies around the levels of 17600. Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 16700 to 16800 on downside to 17900 to 18000 on upside.

Nifty Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 20, 2016 – June 24, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 0.70%.

As we have mentioned last week that minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying. During the week the index manages to hit a low of 17528 and close the week around the levels of 17696.

Minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 17100 to 17200 on downside to 18200 to 18300 on upside.

Nifty Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 13, 2016 – June 17, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18052 and close the week around the levels of 17829.

Minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 17300 to 17400 on downside to 18200 to 18300 on upside.

Nifty Bank Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 06, 2016 – June 10, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 17762 and close the week around the levels of 17681.

Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 17000 to 17100 on downside to 18100 to 18200 on upside.

Nifty Bank Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 30, 2016 – June 03, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 6.30%.

As we have mentioned last week that minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016. During the week the index manages to hit a low of 16368 and close the week around the levels of 17512.

Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 16600 to 16800 on downside to 18200 to 18400 on upside.

Nifty Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 23, 2016 – May 27, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 1.40%.

As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016. During the week the index manages to hit a high of 16903 and close the week around the levels of 16481.

Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

Strong resistance zone for the index lies in the range of 16600 to 16800 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 16000 to 16200 on downside to 16800 to 17000 on upside.

Nifty Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 16, 2016 – May 20, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 2.60%.

As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016. During the week the index manages to hit a high of 16962 and close the week around the levels of 16714.

Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

Strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 15700 to 15900 on downside to 16800 to 17000 on upside.

Nifty Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 09, 2016 – May 13, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 3.00%.

As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016. During the week the index manages to hit a high of 16719 and close the week around the levels of around 16300.

Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

Strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 15700 to 15900 on downside to 16800 to 17000 on upside.

Nifty Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 02, 2016 – May 06, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 0.40%.

As we have mentioned last week that the index has closed around the strong resistance zone of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016. During the week the index manages to hit a high of 17030 and close the week around the levels of 16767.

Minor support for the index lies in the zone of 16400 to 16500 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15800 to 16000 where 100 Daily SMA are lying.

Strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 16300 to 16400 on downside to 17100 to 17200 on upside.

Nifty Bank Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 25, 2016 – April 29, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 2.70%.

As we have mentioned last week that minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily SMA are lying. During the week the index manages to hit a low of 16012 and bounce to close the week around the levels of 16720.

Minor support for the index lies in the zone of 16300 to 16400 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15800 to 16000 where 100 Daily SMA are lying.

The index has closed around the strong resistance zone of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 16300 to 16400 on downside to 17000 to 17100 on upside.

Nifty Bank Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 18, 2016 – April 22, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 4.60%.

As we have mentioned last week that minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying. During the week the index manages to hit a low of 15440 and bounce to close the week around the levels of 16279.

Minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

Range for the week is seen from 15700 to 15800 on downside to 16500 to 16600 on upside.

Nifty Bank Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 11, 2016 – April 13, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 3.60%.

As we have mentioned last week that resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 16278 and sold off to close the week around the levels of 15590.

Minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 15800 to 16000. Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

Range for the week is seen from 15000 to 15200 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 04, 2016 – April 08, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.70%.

As we have mentioned last week that minor support for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. Support for the index lies in the zone of 15000 to 15200 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 14750 where the index has opened with a gap up on 02-03-2016. During the week the index manages to hit a low of 15522 and bounce to close the week around the levels of 16165.

Support for the index lies in the zone of 15700 to 15900 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying.

Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above this levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

Range for the week is seen from 15300 to 15500 on downside to 16500 to 16700 on upside.

Nifty Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 28, 2016 – April 01, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.50%.

As we have mentioned last week that the index has closed around the resistance zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15968 and close the week around the levels of 15888.

Minor support for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. Support for the index lies in the zone of 15000 to 15200 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 14750 where the index has opened with a gap up on 02-03-2016.

Resistance for the index lies in the zone of 16000 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 16300 to 16400 where the index has opened the gap down on 07/01/2016.

Range for the week is seen from 15300 to 15500 on downside to 16200 to 16300 on upside.

Nifty Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 21, 2016 – March 23, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15705 and close around the levels of 15650.

Support for the index lies in the zone of 15000 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 14750 where the index has opened with a gap up on 02-03-2016.

The index has closed around the resistance zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16000 where 100 Daily SMA is lying.

Range for the week is seen from 15000 to 15100 on downside to 15900 to 16000 on upside.

Nifty Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2016 – March 18, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 0.90%.

As we have mentioned last week that support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. During the week the index manages to hit a low of 14990 and close the week around the levels of 15199.

Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying.

Resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying.

Range for the week is seen from 14500 to 14700 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 08, 2016 – March 11, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 11.60%.

As we have mentioned last week that major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts. During the week the index manages to hit a low of 13407 and bounce to close the week around the levels of 15395.

Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying.

Resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying.

Range for the week is seen from 14500 to 14700 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 29, 2016 – March 04, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

 

 

Nifty Bank ended the week on negative note losing around 3.70%.

As we have mentioned last week that major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts. During the week the index manages to hit a low of 13520 and bounce to close the week around the levels of 13815.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 22, 2016 – February 26, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the index lies in the zone of 14500 to 14800 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 15200. During the week the index manages to hit a high of 14602 and close the week around the levels of 14345.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 15, 2016 – February 19, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 8.20%.

As we have mentioned last week that support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 13810 and close around the levels of 13920.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 08, 2016 – February 12, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 2.00%.

As we have mentioned last week that support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 14761 and bounce to close the week around the levels of 15209.

Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15600 to 15800 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 01, 2016 – February 05, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 15683 and retraced to close the week around the levels of 15516.

Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 25, 2016 – January 29, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.90%.

As we have mentioned last week that support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 14755 and bounce to close the week around the levels of 15500.

Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

The index has formed a Hammer pattern in a downtrend around the strong support zone indicating the trend reversal.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 18, 2016 – January 22, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 5.80%.

As we have mentioned last week that support for the index lies in the zone of 15700 to 15800 where the index has formed a bottom in the month of Sep – 2015. If the index closes below this levels then the index can drift to the levels of 14800 to 15300 where the channel support for the index is positioned. During the week the index manages to hit a low of 15154 and close the week around the lowest levels.

Support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Range for the week is seen from 14200 to 14500 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 11, 2016 – January 15, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 5.10%.

As we have mentioned last week that index has closed around the strong resistance zone of 16900 to 17100 where short term moving averages are lying. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying. During the week the index manages to hit a low of 16050 and close the week around the lowest levels.

Support for the index lies in the zone of 15700 to 15800 where the index has formed a bottom in the month of Sep – 2015. If the index closes below this levels then the index can drift to the levels of 14800 to 15300 where the channel support for the index is positioned.

Resistance for the index lies in the zone of 16300 to 16500 where 500 Daily SMA and 100 weekly SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 17000 where 100 Daily SMA is lying.

Range for the week is seen from 15300 to 15500 on downside to 16500 to 16700 on upside.

Nifty Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 04, 2016 – January 08, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the index lies in the zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17400 where 100 Daily SMA is positioned. During the week the index manages to hit a high of around 17067 and virtually close at the highest levels.

Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

Index has closed around the strong resistance zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17300 where 100 Daily SMA is positioned.

Range for the week is seen from 16500 to 16700 on downside to 17300 to 17500 on upside.

Nifty Bank Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 28, 2015 – January 01, 2016):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 1.40%.

As we have mentioned last week that resistance for the index lies in the zone of 16800 to 17000 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17500 where 100 Daily SMA is positioned. During the week the index manages to hit a high of 16946 and retraced to close the week around the levels of 16833.

Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

Resistance for the index lies in the zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17400 where 100 Daily SMA is positioned.

Range for the week is seen from 16500 to 16600 on downside to 17100 to 17200 on upside.

Nifty Bank Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 21, 2015 – December 24, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 1.60%.

As we have mentioned last week that the support for the index lies in the zone of 15800 to 16000 where trend-line and 500 Daily SMA are lying. If the index closes below this levels then the index can drift to the levels of 15100 where trend-line joining earlier lower lows is positioned. During the week the index manages to hit a low of 16188 and bounce to close the week around the levels of 16600.

Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

Resistance for the index lies in the zone of 16800 to 17000 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17500 where 100 Daily SMA is positioned.

Range for the week is seen from 16000 to 16200 on downside to 16900 to 17100 on upside.

Nifty Bank Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 14, 2015 – December 18, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on negative note losing around 3.20%.

As we have mentioned last week that the support for the index lies in the zone of 16600 to 16800 from where the index has bounced twice in last 2 months. If the index closes below this levels then the index can drift to the levels of 16000 to 16100 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 16260 and close at virtually the lowest levels of the week.

Support for the index lies in the zone of 15800 to 16000 where trend-line and 500 Daily SMA are lying. If the index closes below this levels then the index can drift to the levels of 15100 where trend-line joining earlier lower lows is positioned.

The index has broken down from the Head & Shoulder pattern from the levels of 16550. Immediate resistance for the index lies in the zone of 16550. If the index manages to close above this levels then the index can move to the levels of 17000 where short term moving averages are lying.

Range for the week is seen from 15800 to 16000 on downside to 16600 to 16800 on upside.

Nifty Bank Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 07, 2015 – December 11, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on negative note losing around 2.60%.

As we have mentioned last week that the support for the index lies in the zone of 17100 to 17200 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 16800 where trend-line support for the index is positioned. During the week the index manages to hit a low of 16880 and virtually close at the lowest levels.

Support for the index lies in the zone of 16600 to 16800 from where the index has bounced twice in last 2 months. If the index closes below this levels then the index can drift to the levels of 16000 to 16100 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 17150 to 17250 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 17600 where 100 Daily SMA is lying.

Range for the week is seen from 16500 to 16600 on downside to 17200 to 17300 on upside.

Nifty Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 30, 2015 – December 04, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 1.80%.

As we have mentioned last week that the resistance for the index lies in the zone of 17300 where short term moving averages are positioned. If the index manages to close above the levels of 17300 then the index can move to the levels of 17800 where 100 Daily SMA are positioned. During the week the index manages to hit a high of 17404 and close the week around the levels of 17360.

Support for the index lies in the zone of 17100 to 17200 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 16800 where trend-line support for the index is positioned.

The index has closed around the resistance zone of 17300. If the index manages to hold to this levels then the index can move to the levels of 17700 to 18000 where 100 & 200 Daily SMA are lying.

Range for the week is seen from 16800 to 17000 on downside to 17700 to 18000 on upside.

Nifty Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 23, 2015 – November 27, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 0.70%.

As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16787 but the index manages to close above the levels of 17050.

Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17300 where short term moving averages are positioned. If the index manages to close above the levels of 17300 then the index can move to the levels of 17800 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Nifty Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 16, 2015 – November 20, 2015):

 

NIFTY BANK:

 

 

NIFTYBANK

 

 

Nifty Bank ended the week on negative note losing around 1.0%.

As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16587 but the index manages to close above the levels of 16800.

Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Bank Nifty Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 09, 2015 – November 13, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on negative note losing around 1.4%.

As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16911 and bounce to close the week around the levels of 17114.

Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Bank Nifty Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 02, 2015 – November 06, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing around 3.3%.

As we have mentioned last week that the index has closed above the resistance zone of 17880 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 18029 and sold off to close the week around the levels of 17339.

Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17700 to 17900 where trend-line and 100 Daily SMA are positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 16600 to 16800 on downside to 18000 to 18200 on upside.

Bank Nifty Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 26, 2015 – October 30, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on absolutely flat note.

As we have mentioned last week that the index has closed around the resistance zone of 18000 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17980 and close the week around the levels of 17935.

Support for the index lies in the zone of 17500 to 17700. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the index is lying.

The index has closed above the resistance zone of 17880 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 17500 to 17700 on downside to 18300 to 18500 on upside.

Bank Nifty Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 19, 2015 – October 23, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on positive note gaining around 2.0%.

As we have mentioned last week that if the index manages to close above the levels of 17800 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17947 and virtually close around the high levels of the week.

Support for the index lies in the zone of 17300 to 17500. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the index is lying.

The index has closed around the resistance zone of 18000 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 17300 to 17500 on downside to 18300 to 18500 on upside.

Bank Nifty Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 12, 2015 – October 16, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on positive note gaining around 2.4%.

As we have mentioned last week that the index has been facing stiff resistance around the levels of 17500 to 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned. During the week the index struggle to move above the levels of 17600 to 17750.

Support for the index lies in the zone of 17000 to 17200. If the index closes below this levels then the index can move to the levels of 16000 to 16500 where channel support for the index is lying.

If the index manages to close above the levels of 17800 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 16500 to 16750 on downside to 18000 to 18300 on upside.

Bank Nifty Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 05, 2015 – October 09, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000. During the week the index manages to hit a low of 16648 and bounce back to close the week around the levels of 17151.

The index has been facing stiff resistance around the levels of 17500 to 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned.

Support for the index lies in the zone of 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000 where 500 Daily SMA and 100 Weekly SMA are positioned.

On daily charts the index is forming a Inverse Head & Shoulder pattern in which the neckline is positioned around the levels of 17500 to 17600. If the index manages to close above this levels with heavy volumes then the index can move to the levels of 18000 to 18500. Targets for this pattern can be in the range of 19000.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 28, 2015 – October 02, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on negative note losing around 1.2%.

As we have mentioned last week that support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can drift to the levels of 16000. During the week the index manages to hit a low of 16759 and bounce back to close the week around the levels of 17196.

Next week on 29/09/2015, RBI is announcing the credit policy. So we expect the markets to be highly volatile and the policy will decide the further direction of the markets.

The index has been facing stiff resistance around the levels of 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned.

Support for the index lies in the zone of 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000.

The index has formed a Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the index.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 21, 2015 – September 25, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on positive note gaining around 5%.

As we have mentioned last week that if the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off and the index manages to hit a high of 17602 on 18/09/2015 but could not close above the levels of 17500.

Coming week will be the expiry week so index can be highly volatile. Options data suggest that the index should move in the range of 16500 on downside and 18000 on upside during the week.

Support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can drift to the levels of 16000.

Resistance for the index lies in the range of 17500 to 18000. If the index moves above this levels on closing basis then the index can move to the levels of 18500.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 14, 2015 – September 18, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on positive note gaining around 3%.

As we have mentioned last week that if the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned and the index manages to hit a low of 15762 and bounce back above the levels of 16000.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

As we have mentioned last week that if the index manages to move above the levels of 16500 the index can move to the levels of 17000, but the index manages to hit a high of 16781 during the week.

Next week if the index breaks below the levels of 15760, then the index can drift to the levels of 15200, where 500 Daily SMA is positioned.

If the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Bank Nifty Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 07, 2015 – September 11, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 6%.

As we have mentioned last week that if the index breaks below the levels of 16600 the index can drift to the levels of 15500 and the index hit a low of 15933 during the week.

As we have suggested last week that if the index closes above the levels of 17500 the index can move to the levels of 18000 to 18500 from where the index has broken down, but the index manages to hit a high of 17353 during the week.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 15000 on downside to 17000 on upside. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

If the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned.

If the index manages to move above the levels of 16500 the index can move to the levels of 17000.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Bank Nifty Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 31, 2015 – September 04, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 4.50%.

Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%.

During the week the index has taken support around the channel support lying around the levels of 16600. If during the week the index breaks below the levels of 16600 the index can drift to the levels of 15500.

If the index closes above the levels of 17500 the index can move to the levels of 18000 to 18500 from where the index has broken down.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 16000 on downside to 18000 on upside.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

Range for the week is seen from 15500 to 16000 on downside to 18000 to 18500 on upside.

Bank Nifty Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 24, 2015 – August 28, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 3.50%.

On 21/08/2015, the index broke below the levels of 18000 but manages to close above the levels of 18000.

As seen from the chart the index is holding the downward moving channel support around the levels of 17900. Below the levels of 17800 the index can drift to the levels of 17300.

Next week will be the expiry week and the index will be moving according to the options position.

17500 & 18000 Put options have close to 4.00 to 6.00 lacs shares outstanding. So we think the index will hold the levels of 17800 till expiry.

18500 & 19000 Call options have close to 5.00 to 10.00 lacs shares outstanding. So we think the index will face stiff resistance around the levels of 18300 to 18500.

Technically the index is trading below short term and long term moving averages.

Range for the week is seen from 17500 to 17800 on downside to 18300 to 18500 on upside.

Advice for – Tuesday, August 18, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market has entered into positive zone and would consolidate or hold in the current region for now. EquityPandit also suggested traders to go long in BankNifty at every dip in the market to earn good profits and exactly same happened. Nifty consolidated in a rangebound region as predicted by EquityPandit. BankNifty fell down sharply after opening giving the opportunity to traders to go long as suggested by EquityPandit. BankNifty remained strong and bounced from day lows to see intraday highs. Traders who followed EquityPandit’s suggestion to go long might have earned huge profits for the day. Sensex and BankNifty saw lows right near EquityPandit’s predicted support levels of 27735 and 18590, respectively. BankNifty closed right below EquityPandit’s predicted resistance levels of 18830 for the day. Finally, Nifty and Sensex closed in negative region with BankNifty showing some positive signs.

Today: Indian Stock Market would open positive. Indian Stock Market is in positive zone. Indian Stock Market and especially BankNifty is holding current levels in expectation of RBI cutting the key rates in upcoming days. If rate cut is seen by RBI, then sharp positive movement would be seen in BankNifty. Traders are suggested to go long in BankNifty at every dip in the market for now. Market will fall down sharply if no rate cut is seen in upcoming days. Traders should note that Medium-term trend of BankNifty is negative and this can be an alarming situation but for now it would continue to move positive. FIIs were net buyers of Rs.142.34 crores whereas DIIs were net buyers of Rs.183.72 crores in last trading session. Nifty would see strong support at 8450-8380-8335 whereas strong resistance would be seen at 8530-8561-8616-8655 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8477) The support for the Nifty is 8450-8380-8335 and the resistance to the up move is at 8531-8561-8616-8655 levels.

NSE BankNifty: (18822) The support for BankNifty is at 18580-18449-18300 and the resistance to the up move is at 18940-19067-19230 levels.

BSE Sensex: (27878) The support for the Sensex is at 27735-27640-27475 and the resistance to the up move is at 28100-28162-28265-28550 levels.

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Bank Nifty Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 17, 2015 – August 21, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing around 1%.

As we have been mentioning since last 2 weeks that the index is facing significant resistance around the zone of 19100 to 19200 levels where upper end of downward sloping channel is positioned, this week also the index has hit a high of 19070 levels and retraced back to the levels of 18030 before closing the week around the levels of 18730.

As we have mentioned last week that if 18800 on the index is broken the index can drift to the levels of 18650 where short term moving averages are positioned. Around the zone of 18400 – 18500 the index has major support where 100 Daily SMA and 200 Daily SMA are positioned, but the index drifted to the levels of 18000 where upwards moving trend-line was positioned.

Support for the index lies in the zone of 18000 to 18300 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 19000 where downward sloping channel is positioned above which the index can move to the levels of 19500.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.

Bank Nifty Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Bank Nifty for week (August 03, 2015 – August 07, 2015):

 

BANK NIFTY:

 

banknifty

Bank Nifty ended the week on absolutely flat note.

As we have suggested last week that the index has formed a Bearish engulfing pattern on weekly charts and index corrected to the levels of 18187 before recovering to end the week on high around the levels of 18700.

This week the index has formed a Hammer pattern in downtrend indicating the trend reversal.

As seen from the charts above if the index manages to close above the levels of 18850 the index can move to the levels of 19200 where upper end of downward sloping channel is positioned.

On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward.

Technically the support for the index lies in the zone of 18400 to 18600 where short term & long term moving averages are positioned.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.

Bank Nifty Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Bank Nifty for week (July 27, 2015 – July 31, 2015):

 

BANK NIFTY:

 

banknifty

Bank Nifty ended the week with the loss of more than 2% .

As we have been suggesting since last 2 weeks that the index has to move above the trend-line resistance positioned around the levels of 19300 but index does not move above that levels for the second time and the index sold off to the levels of 18600.

The index has formed a Bearish engulfing pattern on weekly charts which may suggest the end of the uptrend. The index has to sustain over 19200 levels to negate this pattern.

As we are approaching in the expiry week the index can be volatile in the range of around 18300 on downside to 19200 on upside.

Options data suggest the logical support for the index on downside can be in the zone of 18300 to 18500 as 18000 and 18500 put options have close to 8.00 lac and 5.00 lacs shares outstanding respectively.

Technically the support for the index lies in the zone of 18400 where 50 Daily EMA and 100 Daily SMA is lying.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.